The Indian rupee is expected to weaken on Monday, adding to last week's losses, tracking a rally on the dollar index and higher U.S. yields on worries surrounding U.S. inflation.
Non-deliverable forwards indicate the rupee will open at around 82.20-82.22 to the U.S. dollar, compared with 82.1625 in the previous session.
A survey from the University of Michigan on Friday showed consumers' long-term inflation expectations jumping this month to their highest reading since 2011, hurting sentiment that the U.S. Federal Reserve is done with its tightening cycle. Fed Governor Michelle Bowman last Friday said the central bank will probably need to raise rates further if inflation stays high, adding that key data so far this month has not convinced her that price pressures are receding.
"Their assessments of whether recent labour market and inflation data support pausing in June or not will be scrutinised," ANZ said in a note.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Indian billionaire Ambani's JioCinema unveils pricing in fight with Netflix, DisneyIndian billionaire Mukesh Ambani’s streaming platform JioCinema announced premium pricing of 999 Indian rupees ($12) a year, its first step to move away from a free content model to fight global rivals such as Netflix and Disney in the country.
Leer más »
Record breaking heat for Mother's Day & MondayRecord heat continues for Western WA with Mother's Day pushing to near 90. Slightly cooler highs next week, but still above normal for this time of year. FOX13
Leer más »
County prepares for quiet transition as Nathan Fletcher leaves office MondayFletcher, once considered a rising political star with a possible future in state government, steps down Monday amid sexual misconduct accusations
Leer más »
Portal bridge signal fixed, expect a normal Monday commute on NJ Transit, AmtrakSignal system problems on a key rail bridge between New Jersey and New York has been fixed, meaning a normal commute after two days of delays and cancellations.
Leer más »